The “Nixon Shock” of 1971 was the prelude to the problem shift with ever cheaper money.
Exactly 50 years to the day after the “Nixon Shock” of Sunday, August 15, 1971, we are facing the consequences of the same: excessive debt, unstable financial system, increasing inequality. A look back at the last decades and the question of the future are the topics of the 92nd episode of “bto 2.0 – the economics podcast” with Dr. Daniel Stelter. Joining him is William White, former Chief Economist of the Bank for International Settlements (BIS).
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